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The Latin American Energy Organization (OLADE) has published its report for August, in which it states that the region has seen a 30% drop compared to July. While the monthly rate in Latin America and the Caribbean was 0.2%, the annual rate is 3.36%.
The Latin American Energy Organization (OLADE) has published its Energy Inflation Indicator for Latin America and the Caribbean (IE-LAC) for the month of August, which reveals that energy inflation has fallen the most this year, with a monthly rate in the region of 0.2% and an annual rate of 3.36%.
The report is presented as a detailed analysis of energy trends in the region, "which is crucial to understanding the behavior of energy markets and their impact on the economy and sustainability of Latin American and Caribbean countries," the statement said.
The indicator shows that "monthly energy inflation is resuming the downward trend that began in February of this year, with a 30% drop compared to July, mainly due to the 7% drop in oil prices between July and August."
Overall, of the 20 countries analysed, 12 show a drop in the energy inflation indicator.
Thus, the annual energy inflation in Latin America and the Caribbean, in August 2024 (compared to August 2023) was 3.36%, experiencing the largest drop since the beginning of 2024.In the countries of the Organization for Economic Cooperation and Development (OECD), it is added that "energy inflation fell significantly from 3.30% in July to -0.13% in August, while total annual inflation experienced the same downward trend, but to a lesser extent, from 5.4% in July to 4.7% in August."
Overall, 31 OECD countries are declining in the energy inflation indicator. |
